California Public Employees Retirement System Has $18.52 Million Stake in Duolingo, Inc. (NASDAQ:DUOL)

California Public Employees Retirement System boosted its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 20.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,124 shares of the company’s stock after acquiring an additional 9,823 shares during the period. California Public Employees Retirement System owned 0.13% of Duolingo worth $18,521,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Duolingo by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company’s stock worth $1,148,486,000 after acquiring an additional 70,705 shares during the period. State Street Corp boosted its stake in Duolingo by 3.6% in the 3rd quarter. State Street Corp now owns 1,076,273 shares of the company’s stock valued at $303,530,000 after purchasing an additional 36,923 shares during the period. Geode Capital Management LLC grew its holdings in Duolingo by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 672,800 shares of the company’s stock valued at $189,790,000 after buying an additional 16,481 shares in the last quarter. Norges Bank bought a new position in Duolingo during the 4th quarter worth $152,296,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Duolingo by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 346,451 shares of the company’s stock worth $112,330,000 after buying an additional 4,171 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DUOL shares. Needham & Company LLC upped their price target on shares of Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Bank of America cut shares of Duolingo from a “buy” rating to a “neutral” rating and raised their target price for the stock from $355.00 to $375.00 in a report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price target on Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. The Goldman Sachs Group raised their price objective on Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Finally, DA Davidson upped their target price on Duolingo from $400.00 to $410.00 and gave the company a “buy” rating in a research report on Thursday, March 27th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Duolingo has an average rating of “Moderate Buy” and a consensus price target of $377.08.

Insider Buying and Selling at Duolingo

In related news, insider Natalie Glance sold 2,667 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total value of $1,160,891.76. Following the completion of the transaction, the insider now owns 129,572 shares in the company, valued at $56,400,100.16. This trade represents a 2.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ahn Luis Von sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $293.80, for a total transaction of $2,350,400.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 99,332 shares of company stock worth $33,880,107. 18.30% of the stock is currently owned by insiders.

Duolingo Trading Down 6.7 %

Shares of Duolingo stock opened at $292.88 on Friday. The firm’s 50 day moving average is $345.60 and its 200 day moving average is $326.19. The firm has a market capitalization of $13.25 billion, a PE ratio of 160.04 and a beta of 0.92. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $441.77. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. Equities research analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Duolingo Company Profile

Duolingo, Inc operates as a mobile learning platform in the United States, the United Kingdom, and internationally. The company offers courses in 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app. It also provides a digital English language proficiency assessment exam.